Over 140 global giants have jointly launched the Open USD (OUSD) stablecoin, aiming to build an open, neutral, and revenue-sharing stablecoin infrastructure that challenges Circle's USDC business model. Following the announcement, Circle's stock price plummeted 17% in a single day. Analysts note that the stablecoin competition has shifted from issuance volume to ecosystem networks and governance models, with OUSD's 'Android-like' open strategy potentially reshaping the industry landscape.
Alliance of Giants Shakes Up Stablecoin Landscape
According to MarsBit, more than 140 global industry giants have jointly announced the launch of a new stablecoin called Open USD (OUSD). Positioned as an open, neutral, and revenue-sharing infrastructure, OUSD directly challenges the dominance of Circle's USDC. The news caused Circle's stock to plunge 17% in a single day, triggering swift market reactions.
Industry commentators describe this as the 'Android moment' for the stablecoin war. Unlike USDC's closed ecosystem, OUSD adopts open-source governance and a revenue-sharing model, aiming to break the monopoly of a single issuer through collective alliance power. The core of stablecoin competition has moved from issuance volume to ecosystem networks and governance models.
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